Add Guess (GES) to the latter group, relatively speaking. Shares of the Los Angeles-based apparel and fashion accessories seller jumped 12.85% Thursday on much heavier-than-normal volume after the company exceeded the existing profit and sales estimates. The stock closed at $30.82.
The move was a sizable one for Guess, ranking as its 21st-best single-session gain back to August 1996, according to FactSet data. It's also the strongest up move since Dec. 1, 2009, when the stock advanced 12.87%.
For the second quarter, Guess earned $44.3 million, up from $42.9 million last year. Adjusted earnings of 52 cents a share were a notable beat, easily topping the consensus estimate of 35 cents. Revenue increased only 0.6% to $639 million from $635.4 million last year, but that was $15 million better than expected. ThoughRead More »from Guess Beats on Earnings, Shares Take Off